Skip to: Content
Skip to: Site Navigation
Skip to: Search

December 2, 2008 7:49:21 PM CST

Learn about Newser Points »

« Back to the grid | Next story »

Panel to Shield Journal Editors

Posted Jun 29, 07 5:38 AM CDT in US,  Business 

(Newser) – A watchdog committee, not would-be owner Rupert Murdoch, would hire and fire editors under a tentative pact to protect the editorial independence of the Wall Street Journal,  a source familiar with details of the deal tells MarketWatch. Members of the panel would be chosen by Murdoch's News Corp., Dow Jones, and the Bancroft famiiy.

The committee would have authority over hiring and firing of  subordinates, news judgments and other editorial decisions, and allocation of resources, says Marketwatch, also a Dow Jones property.  The proposal hasn't been finalized and a price for the paper has not been agreed upon. Murdoch's original offer of $5 billion or $60 a share was rejected.

Source MarketWatch

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

  • Murdoch Names Thomson New Journal Editor

    May 21, 08 4:00 AM CDT
    Rupert Murdoch has named Wall Street Journal publisher Robert J. Thomson as its top editor, reports the New York Times. Thomson, whom Murdoch made publisher just five months ago, was previously the top editor of Murdoch's Times of London. His appointment is expected to speed the pace of change at the paper, in the wake of the resignation of former managing editor Marcus Brauchli, who was forced out last month. More »

  • Journal Staff Uneasy as Murdoch Era Rolls On

    May 9, 08 10:59 AM CDT
    Journal Staff Uneasy as Murdoch Era Rolls On Tensions are running high in the Wall Street Journal’s newsroom, the New Republic reports, as staffers wonder just where this Murdoch thing is going. Managing editor Marcus Brauchli’s resignation still hangs heavy in the air. Murdoch pushed Brauchli to resign, and paid him millions to sign a non-disclosure agreement. “We're a business newspaper, so we know a sell-out when we see one,” one angry staffer said. More »

  • Cut the Charade: Let Rupert Have His Way With Journal

    May 1, 08 11:32 AM CDT
    Let’s stop kidding ourselves, Jack Shafer writes in Slate: Rupert Murdoch is seizing control of the Wall Street Journal, and we might as well be done with the “Special Committee” that was supposed to protect editorial independence. The Bancroft family insisted on the creation of the board, which then proved itself  "a set of high-paid flunkies" who sat on their hands as the paper’s top editor was forced out. More »

  • WSJ Oversight Panel Slams Editor's Ouster

    Apr 29, 08 5:53 PM CDT
    WSJ Oversight Panel Slams Editor's Ouster A committee formed to protect the editorial independence of the Wall Street Journal from Rupert Murdoch’s influence said today the solicited resignation of managing editor Macrus Brauchli violated an agreement with Murdoch's News Corporation, Reuters reports. The committee is supposed to review all high-level hirings and firings, but, as Brauchli opted to resign, it learned of his ouster only after the fact. More »

  • Exiting Journal Editor Was Stuck Between Rupe and 'DNA'

    Apr 23, 08 2:07 PM CDT
    Exiting Journal Editor Was Stuck Between Rupe and 'DNA' Continuing to report on the aftershocks of its own takeover, the Wall Street Journal does a postmortem on the departure of top editor Marcus Brauchli, detailing his uncomfortable position between a demanding new owner and the paper's institutional “DNA.” Rupert Murdoch wanted to build a direct competitor to the New York Times, with more general news and shorter stories, and felt the managing editor was holding up the overhaul. More »

  (Associated Press)
  (Associated Press)
Co. in early May, but last Thursday agreed to meet with him. (AP Photo/Jason DeCrow)   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (
1
 of 2)

Tags

Dow Jones • Rupert Murdoch • News Corp • Wall Street Journal • news • Bancroft family • editor • watchdog


Loading...

Premium Articles from HighBeam

Find more articles like this

Today's Most Popular

Loading...

Other Home Stories

What is Newser?

2008 Codie Finalist

Face it: there's too much news. At Newser a team of editors and writers culls the most important stories from hundreds of U.S. and international sources and reduces them to a headline, picture, and two paragraphs. It's the Newser guarantee: we can take any report or column or video and pack what you need to know into 120 words or less. Newser's short-form aggregation, visual format, and unique information tools help you get more of the kind of news you want, in a quicker and more entertaining way. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »